Sources say SpaceX's IPO has drawn more than $70 billion in retail orders as the offering enters its final stages. Retail investors are expected to receive at least a 20% allocation. With the deal possibly reaching about $75 billion — which would be the largest-ever IPO — most retail demand would likely go unmet, a dynamic that could lift aftermarket buying if many Musk-aligned retail investors receive little or no allocation. BNP Paribas analyst James Picariello estimates Musk-aligned retail in

Sources say SpaceX's IPO has drawn more than $70 billion in retail orders as the offering enters its final stages. Retail investors are expected to receive at least a 20% allocation. With the deal possibly reaching about $75 billion — which would be the largest-ever IPO — most retail demand would likely go unmet, a dynamic that could lift aftermarket buying if many Musk-aligned retail investors receive little or no allocation. BNP Paribas analyst James Picariello estimates Musk-aligned retail investors hold roughly 40% of Tesla.